The Biz Buzz

The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

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Got something to say? Here's the place to say it. We welcome your comments on what's going on in business in the South Sound that we should be discussing, reporting or analyzing here on our blog or in the pages of The News Tribune.

Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

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Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Monday, April 23rd, 2007
Posted by Kelly Kearsley @ 02:35:04 pm

Washingtonians may soon know the answer to oft-asked question: What causes the changes – and, of more concern, the spikes – in gas prices?

Washington Attorney General Rob McKenna announced today that he is working with the Governor's office and the Department of Community, Trade and Economic Development to investigate factors that influence gas prices in the state.

It will be the most comprehensive study of gas prices the state has done since 1991.

Kristin Alexander, spokeswomen for the Attorney General's office, said questions from consumes prompted the investigation.

"We consistently have questions from consumers asking why gas prices are higher than in Washington," Alexander said.

A gallon of regular, unleaded gasoline reached $3.18 in Tacoma today – the price is almost a record.

It matches the highest recorded price to date, which was on June 1, 2006, according to AAA of Washington. The average price in Washington today is $3.14.

=> Read more!

Categories: General
Posted by Kelly Kearsley @ 01:29:30 pm

windblade.jpg

Ed Galligan, Port of Olympia executive director, stands by a fiberglass windmill blade delivered to the port last summer.

The Port of Olympia is once again receiving ships loaded with gigantic windmill blades headed for Northwest wind farms.

About 120 of the 125-foot long blades arrived in Olympia over the weekend. Manufactured in Brazil, the blades weigh 35,000 pounds each and will be stored in the port's cargo yard for a few weeks.

They are ultimately headed – via truck – for a wind farm in Oregon. The port handled its first windmill blades last year and has picked up more of the unusual cargo since. Another shipment of the blades is scheduled to arrive later this spring. They will go to a wind farm in Canada

Categories: Port and trade
Posted by Marce Edwards @ 12:59:56 pm

The Motley Fool discusses today Amazon.com's quarterly earnings, which will be released on Tuesday. Here's part of the discussion:

In these few hours before we begin obsessing over a single bend, let's take a moment to review the whole length of the river. Our tool in this endeavor: Motley Fool CAPS, where we poll more than 27,000 investors for their views on well over 4,000 companies, Amazon.com among them. Here's what Fools have to say about the company.

Up or down?
More than 800 investors have submitted ratings on the company. The verdict: Amazon is all wet.

About six investors in 10 rate the company likely to outperform the market, a sentiment shared by both our best investors -- the CAPS All-Stars -- and the CAPS population at large. Seeing as most companies I've reviewed in this column score approval ratings upwards of 80%, it's little wonder that this less-favored firm gets just one star out of a possible five on CAPS.

Categories: General
Posted by Devona Wells @ 12:16:18 pm

A brand beloved by serious espresso drinkers has opened its first U.S. location, according to The Washington Post.

Illy chose to go inside the Marriott’s Renaissance M Street Hotel in D.C. (You can find Illy at other restaurants or coffee shops, but this is the company's first stand-alone store.) The Italian company set up the spot, called Caffe, much like you’d find it in Italy: a stand-up bar, no seating and sleek red-and-white décor, The Washington Post reported.

No word on subsequent Illy locations.

Categories: Restaurants
Posted by Marce Edwards @ 11:57:00 am

PC Magazine editors named the 10 most common passwords. If you recognize yours, you may as well hand over your wallet to the first person you see on the street.

And the winners are:

1. password
2. 123456
3. qwerty
4. 123abc
5. letmein
6. monkey
7. myspace1
8. password1
9. blink182
10. (your first name)

Categories: General
Posted by John Gillie @ 07:17:06 am

Airbus fired the first shot this week in the commercial airplane orderbook war with Boeing.

Malaysian budget airline AirAsiaX announced it is ordering 10 new Airbus A330-300 twin-jets with options for five more.

The airline said it expects delivery of the first of the popular wide-bodies beginning in the fall of 2008.

Meanwhile at Boeing, reports are circulating that Boeing and the airlines involved may reveal some of the names behind the 67 unidentified orders for Boeing 787 Dreamliners this week. Odds-on favorite is Richard Branson's Virgin Atlantic, which has deferred prior orders for four-engine Airbus A340-500s and Airbus superjumbo A380s.

The super-efficient 787 would well fit with Branson's new earth-friendly airline image.

In second place in the rumor mill is American Airlines, which badly needs new-generation long-haul jets if it is to remain competitive in long-haul markets.

Categories: Aerospace
Posted by C.R. Roberts @ 07:08:12 am

Tacoma-based Pierce Commercial Bank, a wholly owned subsidiary of Pierce County Bancorp, has reported earnings for the first quarter of $1,085,000, an increase of $471,000 or 77 percent, as compared to the first quarter of 2006.

Further, loans were up $54 million, or 34 percent, as compared to March 2006; deposits increased $48 million, or 28 percent; and total assets rose $53 million, or 26 percent.

President and CEO Gary Gahan attributed the earnings to a sound local economy and robust loan demand.

In January, the bank began construction of a new commercial office building located directly behind their main office on South Union Avenue. The building will house the bank's Tacoma residential team and other departments, freeing space in the current facility for additional personnel.

Categories: Banking
Posted by C.R. Roberts @ 07:05:00 am

The Small Business Technology Council, a council of the National Small Business Association, is seeking nominations for the eighth Tibbetts Awards. The awards, named for Roland Tibbetts – the person acknowledged as the father of the Small Business Innovation Research (SBIR) program – honors small firms, projects, organizations and individuals judged to exemplify the very best in SBIR achievement.

SBTC seeks nominees who show the economic impact of their technological innovation, business achievement and effective collaborations, and a demonstrated state and regional impact and proven support.

Winners will be recognized in October in Washington, D.C. Nominations are due Sunday, July 15, and can be submitted online at www.tibbettsawards.org.

The SBIR program has developed more than $21 billion worth of research by more than 15,000 firms – resulting in more than 45,000 patents. SBIR companies employ more than 400,000 scientists and engineers, making the program the largest concentration of scientific and engineering talent in the United States

For more information visit the Web site above.

Categories: General